Business | Markets
Giant strides for footwear market
The UAE footwear market is expected to hit more than Dh1.1 billion by 2010, according to the latest market study, based on the estimated growth as well as booming population and cash flow across the emirates.
- By Fatma Salem, Staff Reporter
- Published: 00:24 November 4, 2008
Dubai: The UAE footwear market is expected to hit more than Dh1.1 billion by 2010, according to the latest market study, based on the estimated growth as well as booming population and cash flow across the emirates.
The study was released on the occasion of the Footwear expo 2008, which starts today in Dubai. The fair, the first of its kind in the region, aims to provide global companies a platform to collaborate with local establishments and expand their networks.
"Dubai is globally recognised as a new fashion destination. Not to mention the up to minute fashionable malls in Dubai and the unprecedented trends that becomes an integral part of Dubai's image," said Nafees Ahmad, project manager at orange fairs and events, organisers of the exhibition.
"The exhibition combines 50 companies from 17 countries. However, Brazil has strong participation and it has four companies under its umbrella," he added.
Juliana H. Kauer, Marketing Brazilian footwear at Abicalcados, stated "our organisation combines 600 recognisable companies. However, today we just participate with four of them," said Juliana.
Jerome Ingenhoes, sales & marketing director at the Exotan Company, which specialises in exotic leather, says: "Dubai is an essential element in the international business industry due to its commercial position."
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